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According to the latest report of the IMARC Group "Scandium Market: Global Industry Trends, Share, Scale, Growth, Opportunities and Forecasts 2021-2026", the scandium market will grow at a compound annual growth rate of XX% from 2021-2026.
Scandium is a silver-white metallic element that is extracted from thortveitite or as a by-product of uranium plant tailings. Its ions are small in size, low in density, and high in melting point, and can react with elements such as zirconium, magnesium and aluminum. Scandium iodide is added to mercury lamps and metal halide lamps to produce light similar to sunlight.
With the new coronavirus (COVID-19) crisis sweeping the world, we continue to track market changes and the industry behavior of global consumers, and after considering the latest market trends and forecasts, we will estimate the impact of this epidemic.
The market is mainly driven by the significant increase in demand for solid oxide fuel cell (SOFC) power generation, as scandium helps to operate power generation systems at much lower temperatures, thereby reducing the cost of SOFC. In addition, the use of SOFC-based fuel cells in the transportation sector has continued to increase, and the demand has also increased. They are used in light vehicles and warehouse forklifts to improve vehicle efficiency by reducing oil use and emissions. In addition, due to rising electricity prices, the demand for sustainable power generation methods continues to grow, which has also contributed to market growth.
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Scandium market 2021-2026 analysis and segmentation:
The report studies the competitive landscape of the market and introduces in detail the main players operating in the market.
Australian Mines Limited, Galileo Resources PLC, GFS Chemicals Inc., Hunan Oriental Scandium Co., Ltd., Lenntech BV, Materion Corporation, Merck KGaA, Niocorp Developments Ltd., Platina Resources Limited, Scandium International Mining Corporation, Sumitomo Metal Mining Co. Ltd. and Thermo Fisher Scientific
The report breaks down the market based on region, disc type, material type, and end user.
Oxide Fluoride Chloride Nitrate Iodide Alloy Other
Aluminum-scandium alloy high-intensity metal halide lamp laser solid oxide fuel cell
Breakdown by end-use industry:
Aerospace and defense ceramics, lighting, electronics, 3D printing, sporting goods, others
North America: United States, Canada, Asia Pacific: China, Japan, India, South Korea, Australia, Indonesia, other Europe: Germany, France, United Kingdom, Italy, Spain, Russia, other Latin America: Brazil, Mexico, other Middle East and East Africa
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The main highlights of the report:
Market Performance (2015-2020) Market Outlook (2021-2026) Porter's Five Forces Analysis of Market Drivers and Success Factors SWOT Analysis of Value Chain Competitive Landscape Comprehensive Map
If you need specific information that is not currently covered by the report, we can provide it to you as part of the customization.
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IMARC Group is a leading market research company that provides management strategy and market research on a global scale. We work with customers in all industries and regions to identify their most valuable opportunities, respond to their most critical challenges, and transform their businesses.
IMARC's information products include major market, scientific, economic, and technological developments for business leaders in pharmaceutical, industrial, and high-tech organizations. Market forecasts and industry analysis of biotechnology, advanced materials, pharmaceuticals, food and beverages, travel and tourism, nanotechnology and new processing methods are the company's top expertise.
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